Levi Strauss Shares Jump On Q2 Earnings, Revenue Beat, Raised Outlook - Levi Strauss (NYSE:LEVI)
SAN FRANCISCO COUNTY, CALIFORNIA, JUL 10 – Levi Strauss raised its full-year earnings guidance to $1.25-$1.30 per share while absorbing tariff costs on overseas manufacturing, with revenue up 6%, company reports show.
- Levi Strauss reported strong second-quarter earnings on Thursday, with revenue rising 6% to $1.45 billion and shares jumping about 6%.
- The company revised its outlook for full-year revenue, now anticipating an increase of 1% to 2%, a reversal from an earlier expectation of a 1% to 2% decrease caused by tariff-related challenges.
- Levi's CEO Michelle Gass emphasized strong business fundamentals and pricing power, while sourcing from 28 countries mitigates tariff impacts amid fluid trade policies.
- In Europe, net revenue rose by 14%, while direct-to-consumer sales grew by 11%. For fiscal 2025, Levi's projects its adjusted earnings per share will fall between $1.25 and $1.30.
- Despite anticipating up to a $30 million profit hit from tariffs this year, Levi Strauss enters the second half of 2025 positioned for growth and strategic transformation.
28 Articles
28 Articles
Levi Strauss shares jump after raising forecasts on strong global denim demand
(Reuters) -Levi Strauss shares surged more than 7% in premarket trading on Friday after the denim maker raised its annual revenue and profit forecasts, counting on robust demand at its stores and website to offset a margin hit from U.S. tariffs. The company has been investing in its direct-to-consumer-first strategy and focusing on its core denim lifestyle products, which drove second-quarter sales and profit beat. Levi’s results beat was “impre…
Jeans brand Levi's is up 8% on strong earnings — despite a profit hit from tariffs
Levi's posted strong second-quarter earnings.Cheng Xin/Getty ImagesThe stock price of jeans brand Levi's jumped 6% after it reported strong earnings in the latest quarter.Levi's saw a 6% revenue increase in the latest quarter compared to the year before.However, it anticipates a hit of up to $30 million this year because of Trump's tariffs.Levi Strauss had a good second quarter, even with tariffs setting in.On Thursday, the jeans brand reported …
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